SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15 (d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) July 14, 1998
Jordan Telecommunication Products, Inc.
(Exact name of registrant as specified in its charter)
Delaware 333-34585 36-4173125
(State or other (Commission (I.R.S. Employer
Jurisdiction) File Number) Identification No.)
Arbor Lake Centre, Suite 550
1751 Lake Cook Road, Deerfield, IL 60015
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (847) 945-5591
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Item 2. Acquisition or Disposition of Assets
On July 14, 1998, Jordan Telecommunications Products, Inc. ("JTP")
through its 70% owned subsidiary Telephone Services, Inc. ("TSI"), purchased
the net assets of Opto-Tech Industries, Inc. ("Opto- Tech"). Opto-Tech
assembles and sells radio frequency interference products, attenuators and
message waiting indicators to Regional Bell Operating Company, independent
phone operators and distributors of telecommunications products.
The purchase price of $6.4 million, including estimated costs
incurred directly related to the transaction, has not been allocated at this
time. The acquisition was financed with borrowings from JTP's revolving
credit agreement and $1.25 million of a subordinated note.
Item 7. Financial Statements and Exhibits
(c) Exhibits
2. (a) Agreement for purchase and sale of assets of Opto-Tech
Industries, Inc. by and among Thomas Denedios and Lucy Denedios, Marcy
Fowler, Jordan Telecommunications Products, Inc. and Opto-Tech Holdings, Inc.
dated July 14, 1998.
Certain exhibits and schedules to the agreements referred
to in item 2(a) have not been included; they will be furnished supplementally
if requested by the commission.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
JORDAN TELECOMMUNICATION
PRODUCTS, INC.
July 22, 1998 By /s/ Michael R. Elia
Chief Financial Officer
